how to open pm jan shan account in axis bank?

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PMJDY

With the world going cashless, bank accounts have become a necessity rather than an option. Having a bank account is essentially having a 24x7 security for your hard-earned money. But safety isn’t the only feature we offer. You can earn interest on your savings, make hassle-free payments, and manage all your expenses online.


At Axis Bank, you can open a bank account suitable to your needs. In a hurry? Open an Axis ASAP Digital Savings Account in 3 simple steps and avail unmatched benefits! Looking for an easy, streamlined way to pay your employees? Explore our Salary Account today! Want to keep your valuables safe? Avail our Safe Deposit Lockers at nominal fees. For senior citizens, we offer Pension Disbursement Accounts and National Pension System for ease of managing pension payments and convenient banking services. Open an online bank account with Axis Bank and let your money work for you!

Explore our range of accounts designed for your unique needs.

Basic Saving Account (part of PMJDY scheme)

Enjoy zero balance facility as you save, transact and track your account with ease

Pradhan Mantri Jan-Dhan Yojana

The Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a scheme introduced by the government in 2014. It aimed to ease banking services and make it accessible to the people. Axis Bank in-line with this initiative has introduced a savings account adhering to the policies of Pradhan Mantri Jan-Dhan Yojana. Some of the Pradhan Mantri Jan-Dhan Yojana benefits include simplified access to all privileges under the scheme and no minimum balance requirements.

 

  • It is a zero-balance savings account.
  • Hassle-free “small savings account” opening for those without valid government documents.
  • Insurance benefits up to Rs. 1 lakh.
  • Instant issue of ATM card and 4 free withdrawals at other Nationalised Bank ATMs.
  • Convenient banking with online banking and mobile banking on the go.

 

    • Get Free Rupay Debit Card

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    • Zero Balance Account

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    • Insurance Benefits upto 1lakh

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    • Overdraft Facility


  • Features & Benefits

    Seek help from Bank Mitra, if there is no bank close by

    Bank Mitra is an individual or an organisation, representative of a bank and authorised to offer basic banking services in rural and urban areas where there are no bank branches or ATMs.

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    Services offered by Bank Mitra:

    • Awareness about products, debt counselling, education and advice on managing money.
    • Reach out and assist potential customers
    • Collection and payments of small value deposits and withdrawals
    • Receipt and delivery of small value remittance
    • Furnishing of mini account statement
    • Any other services on behalf of the bank, authorized by the appropriate authority
    Read More

    Earn interest starting from 3.0% on daily balances, quarterly

    Click here to view the new interest rate of Savings Account.

    Avail of Basic Savings Bank Deposit Account (BSBDA)

    Basic Savings Bank Deposit Account facilities offered at no extra cost:

    • No minimum balance requirement
    • Deposit and withdrawal of cash at bank branch as well as ATMs
    • Receipt/Credit of money through electronic payment channels or by means of collection/deposit of cheques
    • 4 withdrawals a month (including ATM withdrawals) and unlimited deposits
    • ATM or ATM-cum-Debit card
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    Open ‘Small Accounts’ in case you do not have any officially valid documents

    Under Pradhan Mantri Jan-Dhan Yojana, in case of no officially valid documents available, you can open a Small Account using self-attested photograph and signature or thumb print put in the presence of an official of the bank.

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    Small Account limits:

    • Aggregate credits – not more than Rs. 1 Lakh in a year
    • Aggregate withdrawals – not more than Rs. 10,000 in a month
    • Account balance – Not more than Rs. 50,000 at any point of time

    Small Account will be valid for 12 months, post which it will be allowed to continue for 12 more months, if you provide a document ascertaining that you have applied for any of the officially valid documents within 12 months of opening your account.

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    Get chequebooks and overdraft facilities

    Account under Pradhan Mantri Jan-Dhan Yojana is a zero-balance account, with chequebook available in case the minimum balance requirement of the bank is fulfilled.
    Overdraft facility of upto Rs. 5,000, available to only 1 account holder per household, preferably the lady; if account is satisfactorily maintained for 6 months. Aadhaar number or declaration from the beneficiary is required to avail of this facility.

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    Bank with a free RuPay Debit Card

    RuPay Debit Card is an indigenous debit card introduced by the National Payment Corporations of India (NPCI). It is accepted at all ATMs (for cash withdrawal) and at most of the Point of Sale machines (for making cashless payments for purchases) in the country.
    RuPay Debit Card can be issued for an existing account, if no new account is created under Pradhan Mantri Jan-Dhan Yojana. Credit facilities will be available to this account if it is being operated satisfactorily.
    RuPay Debit Card can also be issued for customers who cannot read and write, provided the bank manager informs them of all the risks, at the time of issuance.
    Tips to remember:

    • Apply for a new card before the expiry date mentioned on the card.
    • Keep PIN used to carry out transactions secure and do not share it with anybody. Never write it on the card.
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    Keep yourself, your family and assets safe

    Accidental insurance cover of Rs. 1 Lakh and life insurance cover of Rs. 30,000 available to all account holders, at no charge or premium.
    Accidental insurance available only if card is used at least once in 45 days; and in case you own multiple accounts, accidental insurance is offered on only one account.

    • Claims process for accidental insurance
    • Claims process for life insurance
    Read More

    Mobile Banking:

    Axis Mobile App provides an mPIN facility to keep all your transactions secure. As an added verification, provide authentication through your Internet Banking or Debit Card credentials to use any feature on the Axis Mobile App. Click here to know more.

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    Transfer your account with ease

    Easily transfer the account from one branch of the bank to another, in any city or town, as per your needs annd choice

    Complaints and Grievance Redressal

    Click here for Complaints and Grievance Redressal.

    Check your eligibility.

  • You can open this Savings Account if you satisfy the Pradhan Mantri Jan-Dhan Yojana eligibility. Also, if you interested in applying to become a Bank Mitra you can do so.
    Here is the eligibility criterion for Pradhan Mantri Jan-Dhan Yojana Account and Bank Mitra.

    Entities eligible to become Bank Mitra:

    • Individuals like retired bank employees
    • Retired teachers
    • Retired government employees and ex-servicemen,
    • Individual owners of ‘kirana’/medical/Fair Price shops
    • Individual Public Call Office (PCO) operators,
    • Agents of Small Savings schemes of Government of India/Insurance Companies
    • Individuals who own petrol pumps
    • Authorized functionaries of well-run Self Help Groups (SHGs) which are linked to banks

    Documents required for Pradhan Mantri Jan-Dhan Yojana

    Certain documents for Pradhan Mantri Jan-Dhan Yojana will be required to open this Savings Account. Also, there are provisions for ‘low-risk’ individuals who do not have valid documents but who wish to open the account. Here are the documents that you will have to submit.

    Documents for Pradhan Mantri Jan-Dhan Yojana Account for individual:

    Fees and Charges

With effect from 1st July 2021, Reduction of Fees on Select Services. Click here to view details.

With effect from 1st July 2021, Reduction in Safe Deposit Locker Annual rent. Click here to view details.

With effect from 1st July 2021, Introduction of Nil Salary credit fee for Salary accounts. Click here to view details.

With effect from 1st January 2022, Revision in ATM transaction Fee. Click here to view details.

Basic Service Fees

Initial Funding
Metro- Rs.16,000 Urban - Rs.15,000 Semi Urban - Rs.6,000 Rural - Rs.3,000
Total Relationship Value(Balances maintained across Savings and Fixed deposits)
NA
Average Balance Required across all locations
Metro - Rs. 10,000, Urban - Rs. 10,000, Semi Urban - Rs. 5,000, Rural - Rs. 2,500
Average Balance Required (Metro)
Average Monthly Balance (AMB) of Rs. 10,000
Account Service Fee (Metro)
Monthly Service Fee (MSF) of Rs.5 for every Rs.100 shortfall plus Rs. 75 in required balance or Rs. 500, whichever is lower, with a minimum charge of Rs. 75. Waived off if AMB is maintained.
Average Balance Required (Urban)
Average Monthly Balance (AMB) of Rs. 10,000
Account Service Fee (Urban)
Monthly Service Fee (MSF) of Rs.5 for every Rs.100 shortfall plus Rs. 75 in required balance or Rs. 500, whichever is lower, with a minimum charge of Rs. 75. Waived off if AMB is maintained.
Average Balance Required (Semi Urban)
Average Monthly Balance (AMB) of Rs. 5,000
Account Service Fee (Semi Urban)
Monthly Service Fee (MSF) of Rs.5 for every Rs.100 shortfall plus Rs. 75 in required balance or Rs.300, whichever is lower, with a minimum charge of Rs. 75. Waived off if AMB is maintained.
Average Balance Required (Rural)
Average Monthly Balance (AMB) of Rs. 2,500
Account Service Fee (Rural)
Monthly Service Fee (AMB) of Rs.5 for every Rs.100 shortfall plus Rs. 75 in required balance or Rs.250, whichever is lower, with a minimum charge of Rs. 75. Waived off if AMB is maintained.
Total Relationship Value (for all locations)
NA
Primary Debit Card: Type
Secure+ Debit Card
Primary Card: Issuance Fees
Rs.300
Primary Card: Annual Fees
Rs 300
Joint Debit Card: Type
Rupay Platinum Debit Card
Joint Card: Issuance Fees
Rs.200
Joint Card: Annual Fees
Rs.200
My Design Card Issuance
Original Card Issuance cost + Rs. 250*+GST. *Angry Bird images priced at Rs. 500+GST.
CHIP & PIN enabled card - Issuance
NA
Chequebook Issuance: No. of Chequebooks Free
One multicity Cheque Book Free per year (20 leaves) Above free limits: - Rs. 2.5/leaf
Account Closure
Rs.500*
DD/PO Issuance: No. of free DD/PO
0
*Terms and conditions
* 15 transactions free per month post which charge of Rs.75/transaction would be levied. This is over and above the existing fee structure. *Transactions include Cash transactions at branch, Outward clearing, Fund transfer, RTGS/NEFT & remittances.Charges are levied if account is closed between 14 days and 1 year. No charges would be levied if account is closed within 14 days of account opening or after 1 year. GST applicable on the above charges will be additional.
NetSecure with 1 Touch Issuance fee
Rs.1000

Small Basic Savings Account

Get your first banking step right with basic services made easy and hassle-free.

Small Basic Savings Account

The Small Basic Savings Account offers you hassle-free savings benefits with zero minimum balance requirements and covers you with personal accident insurance for Rs. 1,00,000. The benefits of the Small Basic Savings Account include a free RuPay Debit Card, monthly e-statements, passbook, etc. Here are the features and benefits of the Small Basic Savings Account.

    • Free RuPay Debit Card

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    • Zero Balance Facility

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    • Personal Accident Insurance Cover


  • Features & Benefits

Savings Account Interest Rates

Effective 01st Apr, 2021, the interest on your Savings Bank Account has been revised as per the following interest rate structure.


Balance SlabsApplicable Rate of Interest w.e.f. 01st Apr, 2021
Less than Rs. 50 lacs3.00% p.a.
Rs. 50 Lacs and up to less than Rs. 10 Crs3.50% p.a.
Rs. 10 Crs and up to less than Rs. 100 CrsRepo + (-0.65%)
Floor rate of 3.50% applicable
Rs. 100 Crs and up to less than Rs. 200 CrsRepo + (-0.50%)
Rs. 200 Crs and up to less than Rs. 2,500 CrsRepo + (-0.50%)

Floor price for all the Repo linked slabs is revised from 3.60% p.a. to 3.50% p.a. The interest is calculated basis incremental balance slabs.

#For rates on amount of Rs. 2500 Crs and above, please contact the branch official.

Effective quarter ending June 2021, the interest accrued in your Axis Bank Savings Account for any current quarter will be credited to your savings bank A/c on the first day of the next quarter. However, the accrued interest will be considered as a part of your closing balance of the last day of current quarter so that there is no loss of interest income for you. As an exception to the above, the interest for the last quarter of the financial year will be credited on the last day of the quarter i.e. for Mar’22, quarterly interest will be credited into your Savings Account on 31-03-2022. Click here to know more.

Check your eligibility

  • The opening of a Small Basic Savings Account requires you to fulfil certain eligibility criteria. Depending on your eligibility, fill up the application form and submit it along with the necessary documents to open the account.

    Ensure your eligibility

    • Entities eligible for a Small Basic Savings Account.
    • An individual residing in India who does not have an existing savings account in Axis Bank, prior to opening the Basic Savings Account.
    • If you fall within the eligibility criteria for the Small Basic Savings Account you can apply for the Savings Account by submitting the application form along with the documents for Small Basic Savings Account. Here are the documents that you need to submit.

    Keep your documents ready

    Documents for Small Basic Savings Account for an Individual

    Documents as per the bank's KYC procedure.

    If KYC documents are not available,

    • Photo ID proof as per the bank’s acceptable list of documents
    • Address proof as per the bank’s acceptable list of documents
    • Two latest passport size photographs.

    (Actual KYC documents as per bank's acceptable list should be submitted within 24 months of opening the account).

    For a full list of address and identity proof documents, click here For address and identity proof documents.

    Only a single copy of the document is required if it is listed under both address and identity proof, e.g. Passport/Aadhaar Card.

    If your mailing address and permanent address are different, provide address proof documents for both.

    Documents for Small Basic Savings Account for a Hindu Undivided Family

    • Copy of Aadhaar Card/ Form 60 of HUF.
    • Declaration from the Karta.
    • Proof of identification and address of Karta as per documentation for individual.
    • Prescribed Joint Hindu Family Letter signed by all the adult holders.

    Documents for Joint Small Basic Savings Account

    • Address and identity proof documents for both applicants.
    • Address proof can be only of the First holder of the account, as long as it is supplemented by a relationship proof between both holders.

Fees & Charges for Small Basic Savings Accounts

  • When you sign up for the Small Basic Savings Account, certain fees and charges may be applicable. The Small Basic Savings Account charges are nominal and are disclosed upfront, so you know what you are paying or being charged for.

    Please click here for fees and charges. to view the complete list of fees and charges.


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